REI Lense

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$2,655 (target)

108 Cornerstone Ct, Carencro, LA 70520

3 beds • 2 baths • 1742 sqft

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This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $87,951 initial cash invested.

-2.02%

Cash On Cash

5.71%

Cap Rate

0.97

DSCR

$2,655

Rent

-$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $2,803 expenses = $148 out of pocket

Income$2,655Out of Pocket$148Mortgage P&I$1,62761%Property Taxes$1546%Insurance$1194%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,951

Downpayment

20%

$66,620

Closing costs

1%

$3,331

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,655

Total Expenses

$2,803

Mortgage P&I

61%

$1,627

Property Taxes

6%

$154

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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